Name: Vance Insurance Group, LLC
Address: 3705 W Memorial Rd, Suite 1405, Oklahoma City, OK, 73134
Telephone: 405-293-6475

Keep Your Bikes Safe With Recreational Insurance

Posted on December 29, 2023December 29, 2023 by admin

At Vance Insurance Group LLC in Oklahoma City, OK, we know that bike owners may not have bike insurance policies. That’s a severe mistake that can end up costing you in the end. Here’s why you need recreational insurance for your bikes and the ways it can protect you.

What is Recreational Insurance?

Recreational insurance provides extra protection on recreational vehicles, such as four-wheelers, Jet Skis, and even bikes. Typically, it works like general vehicle insurance but focuses specifically on these unique machines to provide extra protection based on their needs.

As important, these policies are suitable for the occasional use you typically get out of recreational vehicles. Yes, you’ll pay for year-round coverage, but your premiums and other factors are usually more reasonable based on your usage.

Does It Protect Bikes?

Yes, you can extend recreational insurance to bikes if they’re used in specific ways. For example, a good insurance policy is an intelligent decision if you use it recreationally (including if you plan on racing bikes). It can help replace your bike if it gets damaged or stolen in any way.

Furthermore, a bike-related recreational insurance policy is important if you run a business lending or renting bikes. Your coverage will protect you if your bikes get damaged, or riders hurt others. You can’t ignore critical protection if you’re serious about your bikes.

Stay Safe on Your Bikes

No matter what kind of bike you own, our team at Vance Insurance Group LLC can help you find a policy that makes sense. We’ll help Oklahoma City, OK homeowners and businesses find recreational insurance policies that keep them safe when renting or lending bikes to others.

Filing a Renter’s Insurance Claim: The Basics

Posted on November 29, 2023November 29, 2023 by admin

Whether you live in Oklahoma City, OK, or somewhere else, you might be a Vance Insurance Group LLC customer. Even if you aren’t currently a customer of our insurance group, you may have a renter’s insurance policy. For some people, the process of filing a renter’s insurance claim can be confusing, especially if they’ve never filed a claim before. However, the process doesn’t have to be confusing, and here is an overview so you’ll know what to expect if you ever need to file one.

Filing the Claim

It’s pretty easy to file a claim. You can do it online via your carrier’s website or call the insurance company, and an agent will obtain the information for your claim and file it for you.

The Review Period

Once your claim has been submitted, it will be assigned to an agent. The agent will perform an investigation and possibly ask you some additional questions.

The Decision

Not all claims are approved. There could be several reasons why your claim might be denied, but in most cases, as long as you can prove the event that damaged your property occurred and it’s covered under your plan, it should be approved. Once approved, you will be contacted with an offer, and if you accept, payment will be mailed to you, or some other arrangements will be made.

As you can see, the renter’s insurance claim process is pretty simple. If you’re not already a customer of Vance Insurance Group LLC and live in Oklahoma City, OK, you might want to consider calling us. Switching to Vance Insurance Group might be a great idea unless you’re completely satisfied with your current insurance company. Not only do we pride ourselves on providing some of the best rates, but our licensed agents are friendly and go above and beyond to meet customers’ needs. Give us a call today for a quote.

Vintage and Collector Motorhome Insurance: Protecting Your Timeless Treasures

Posted on October 31, 2023October 31, 2023 by admin

Owning a vintage or collector motorhome is not just about transportation; it’s about preserving a piece of history and embracing the charm of a bygone era. These unique vehicles hold sentimental and sometimes even irreplaceable value.

However, insuring such treasures can be a different ball game compared to standard motorhome coverage. In this article, we’ll explore the world of vintage and collector motorhome insurance, including the challenges involved and how to ensure your cherished motorhome is adequately protected.

Valuation Methods

One of the foremost challenges in insuring vintage motorhomes is determining their value accurately. The value of older motorhomes varies based on factors like age, rarity, condition, and historical significance. To address this challenge, consider these valuation methods:

Agreed value policies: With this type of coverage, you and your insurer agree on the motorhome’s value at the outset of the policy. In the event of a total loss, you receive the agreed-upon amount, eliminating disputes over its value.
Professional appraisals: Hiring a professional appraiser experienced in vintage vehicles can provide an unbiased valuation. This method guarantees that an experienced appraiser will adequately evaluate your motorhome’s features and historical value.

Restoration Coverage

Restoring a vintage motorhome to its former glory is a labor of love, but it also involves significant investments of time and money. Standard insurance policies may not adequately cover the costs of restoration or modifications. Seek out policies with specialized restoration coverage.

Specialized Insurers for Vintage Motorhomes

Finding the right insurance provider, like Vance Insurance Group LLC, for your vintage motorhome is crucial. Look for insurers who specialize in classic or collector vehicle insurance. They understand the unique needs of vintage motorhome owners and can tailor coverage to suit your requirements. Specialized insurers offer extra benefits like coverage for spare parts and flexibility with mileage limits.

Your Motorhome Deserves Protection

Owning a vintage or collector motorhome in Oklahoma City, OK is a passion that deserves protection. You can overcome the challenges of insuring these unique vehicles by using agreed-value policies, getting professional appraisals, and searching for specialized insurers. With the right insurance, you can keep enjoying your vintage motorhome and pass it down with its historical significance intact.

When is it a good time to start looking for a new RV insurance plan?

Posted on September 29, 2023September 29, 2023 by admin

Owning an RV can be a good idea for those in the Oklahoma City, OK area. When you have an RV, you will have a great vehicle that offers you a reliable mode of transit and a place to relax and sleep. These can be ideal when camping, going on road trips, or heading to various events. Along with an RV, you need to have insurance. There are various times when you should start looking for a new plan.

When Buying an RV

A situation when it is a good idea to start looking for insurance is when you are about to buy an RV. Once you own an RV, it is essential that you have full insurance. Because of this, it is often a good idea to start shopping for coverage before you buy the RV. While the dealership can offer a temporary policy, having a full plan in place the day you close is advantageous.

When Policy is Expiring

All RV insurance plans will have a maturity and expiration date. As this date is approaching, evaluating your options is a good idea. You may be able to find a plan that offers more coverage and has lower premiums than what you are paying today.

A proper RV insurance plan is always a great option in Oklahoma City, OK. If you are ready to start looking for a new policy in this area, call our Vance Insurance Group LLC team. There are a lot of choices to make when looking for this coverage, and our team at Vance Insurance Group LLC can give any guidance you need to build a new policy.

Why do I need to get motorcycle insurance in Oklahoma City?

Posted on August 31, 2023August 31, 2023 by admin

Owning a motorcycle can be a great mode of transportation and option for those in the Oklahoma City, OK area. If you choose to purchase one, you will have a fun asset to ride and operate. However, you will also be taking on a significant investment and responsibility. Getting a motorcycle insurance plan is a great way to enjoy your motorcycle. You will need to have this coverage for various reasons.

Be in Good Standing

An important reason for anyone to carry a proper motorcycle insurance plan is to remain in good standing. There are always situations when a motorcycle insurance plan will be required. This includes if you have taken out a loan to buy the motorcycle or want to use it on a public road. With a proper motorcycle insurance plan, you will remain in compliance with such obligations.

Financial Protection

A great motorcycle insurance plan will also offer financial protection. When you have a full motorcycle insurance policy, you will have coverage to replace or repair your motorcycle if you incur a loss. Further, you will be protected if you are found liable for an accident that results in damages. Ultimately, this is the best way to protect your finances if you invest in a motorcycle.

A proper motorcycle insurance plan is important for anyone in or around Oklahoma City, OK. When you are beginning your search for this type of coverage, it can be helpful to call our team with the Vance Insurance Group LLC. If you call our professionals with Vance Insurance Group LLC, you can obtain all the support you need to select an ideal policy. This can help ensure you continue to be adequately protected.

Navigating the Waters of Boat Insurance: Understanding Coverage and Essential Policies

Posted on July 31, 2023July 31, 2023 by admin

Spending time on the waterways can be a great way to enjoy the sunshine and time with family and friends all summer long. But you also want to ensure you’re protecting yourself and the people and things that matter to you. If you’re in the Oklahoma City, OK area and looking for boat insurance, Vance Insurance Group LLC can help. Here’s what you need to know.

First, some policy details are essential. You want basic, standard coverage that will protect you and others if there’s an accident. You also want to make sure the policy is protecting your property, as well as the property of others. That way, you can enjoy your boat and have plenty of peace of mind.

Second, it’s essential to talk with a trusted agent about your additional policy options. For example, if you have a lienholder on your boat, you may need a more complete level of coverage to protect against potential loss. You might also want coverage for theft or other types of damage and might want to consider policy limits that are higher than the minimum required.

Working with an agent is the best choice, with many different options. That way, you know you aren’t missing out on something important when protecting your boat. You want to get the right coverage and protect yourself and your loved ones while enjoying the summer.

Contact us today at Vance Insurance Group LLC if you’re in the Oklahoma City, OK area and looking for boat insurance. We understand that you need good information to make knowledgeable decisions, and we’re here to help you get the right policy.

How Does Umbrella Insurance Really Work?

Posted on June 28, 2023June 28, 2023 by admin

Accidents can happen to even the most conscientious, careful people, and insurance is a critical way for everyone should prepare for that possibility. But what if your primary policy isn’t enough to cover the associated costs?

That’s where umbrella insurance comes in. Much like that umbrella you keep in the back seat of your car in case of unexpected rain, an umbrella policy is there for you if your other policies aren’t enough.

If you’re in or near Oklahoma City, OK, and in the market for umbrella insurance, we at Vance Insurance Group LLC can help. In the meantime, here’s an overview of how umbrella insurance operates.

What Does Umbrella Insurance Cover?

Umbrella insurance is sometimes called “personal liability umbrella insurance” for a reason. Should you ever be responsible for damages exceeding the limits presented by other insurance policies – like your auto or homeowner’s insurance –umbrella insurance covers the overage.

Depending on the policy, umbrella insurance may also take care of additional fees associated with an incident – like legal fees. Some policies cover landlord liability, defamation suits, and more.

How Does Umbrella Insurance Work?

Umbrella insurance differs from other types of insurance in that it kicks in only if another of your policies fails to cover all costs related to an accident, suit, or other occurrence.

For example, if you’re in a car accident in Oklahoma City, OK that results in $300,000 in injuries and damage, but your car insurance can only cover half of that, you’d normally have to pay for the overage out of your own pocket. However, if you have umbrella insurance, that policy will kick in and cover you instead.

Keep in mind that standard umbrella insurance covers personal liability damages. It won’t cover your injuries and damages, nor will it cover liabilities related to your business. (There’s a special form of umbrella insurance for that.)

Ready to take the next step toward better protection? Contact us at Vance Insurance Group LLC today to speak with an experienced agent about your options.

Helping your Elderly Parents Choose a Life Insurance Plan

Posted on May 31, 2023May 31, 2023 by admin

Choosing the right life insurance plan for your elderly parents could be a challenge. You must ensure this plan meets all the expectations and coverage your parents need. Our agents at Vance Insurance Group LLC, serving Oklahoma City, OK, are here for you in finding the right plan for your aging parents. Let us assist you in finding the right life insurance policy.

When are you allowed to Purchase Life Insurance for Them?

You must first get their consent to begin choosing a plan for them. Your elderly parent must be willing to go through the application process. In addition to this, you must show that you have an insurable interest. This means you must prove that you will face financial difficulties if the insured parent dies. You will be financially responsible for your parent’s passing.

Life Insurance Covers their Final Expenses

One of the benefits of obtaining life insurance is that it helps cover any final expenses your parents may have. Do your parents have any outstanding debts, such as medical bills? A life insurance policy helps take care of that in the event of their death. It could also pay off their funeral.

Life Insurance Could Leave a Legacy

Another important aspect of life insurance is that it could leave a legacy for your parents. Besides paying off those crucial debts, your parents could do some positive things with it. For example, they can use the money to donate to their favorite charity.

Life insurance is one of the most important things your elderly parent must have. They are getting older, and it’s important to be financially prepared if they pass away. Don’t delay in helping them find the right policy. Contact our agents at Vance Insurance Group LLC today.

Defining the Difference Between Auto Collision and Comprehensive Coverage

Posted on April 30, 2023April 30, 2023 by admin

Automobile insurance typically includes three types of coverage for the car owner/driver — liability, collision, and comprehensive insurance. According to our insurance professionals at Vance Insurance Group LLC in Oklahoma City, OK, the liability portion of the insurance coverage is generally state-mandated – with each state responsible for establishing minimum standards.

The difference between collision and comprehensive coverage is important for anyone exploring insurance coverage options.

Collision Coverage

This coverage reimburses losses and damages when your car hits another vehicle or object. While collision coverage is not usually mandated by law, it may be required if you lease or have borrowed money to buy the automobile.

Collision coverage is offered to the insured, independent of who was responsible for the crash. Collision coverage would likely cover these events –

After losing control of the car, you swerve into a tree.
You accidentally dent your bumper when backing up by hitting a cement pole.

Comprehensive Coverage

Oklahoma City, OK drivers can protect themselves by buying comprehensive insurance coverage. This essentially covers everything except the damage related to a car crash. Examples include –

The back window was left open during a torrential downpour.
Nature – hailstones or a tree falls on your car.
A fire.
Vandalism.
Hitting an animal may vary by policy, so ensure you do your research.

Both comprehensive and collision reimburse the insured for damages and losses related to the car and the insured/occupants. When comprehensive and collision coverage are included in an auto policy, it is known in the insurance trade as a ‘full-coverage’ automobile policy.

For additional information regarding the various car insurance options in and around Oklahoma City, OK, contact Vance Insurance Group LLC at 405-293-6475 or online.

How Can I Operate When My Business Has Been Put On Hold Due To Disaster?

Posted on March 27, 2023April 3, 2023 by admin

Oklahoma is susceptible to the tornadoes that hit the mid-west every year. Businesses are shut down until the coast is clear. Downtime is part of commercial insurance, as is handling wages, the lease on the building, the cost of inventory, taxes, and more.

If you’d like to see your business the way it was pre-storm, then you need to talk to Vance Insurance Group LLC in Oklahoma City, OK. We’re here to help.

Business Interruption Insurance

Let’s say a tree is uprooted, falling on the roof of your Oklahoma City, OK building. It wouldn’t be safe for you or your staff to use the building until it’s repaired. Business interruption insurance kicks in to make the payroll, pay the mortgage on the building, pay the taxes, pay for a temporary space to run your business and make up any financial losses from the closure of your business.

What Does Business Interruption Insurance Not Cover?

Some things aren’t related to closure, such as the utilities. They’d be cut off anyway due to damage to the structure. Other things that wouldn’t be included in business interruption insurance are:

• Flood or earthquake results. Insurance companies have different policies for these types of disasters. You’d open that policy in conjunction with policies you already hold.

• Anything broken. If your stock or other things were broken during the disaster that closed your Oklahoma City OK business, the insurance won’t handle that.

• Other than reported income. If it’s not on the books, it’s not covered.

Give Us A Call

Returning your business to its pre-storm state is as simple as consulting Vance Insurance Group LLC in Oklahoma City, OK. We’ll make sure the important aspects of your business are covered. Just stop by to see us or call. We’re ready to help.

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